Chapter 356: $435 billion worth

In late July, Jingyue City finally felt a bit of the summer heat.

Just as the tea artist lifted the slit of her cheongsam, there were only a few middle-aged men in the tea room, lazily basking in the sun and complaining.

"At the beginning of the month, when the stock market crash just started, a shareholder called me and scolded me for not suspending trading. Later, Mr. Xie came in to rescue the market, and he called me again and scolded me for not resuming trading."

"Guess what he said. He said he had a heart disease and was hospitalized because of the stock price crash. If the company resumed trading when the stock market rebounded, he would be cured if it hit two daily limit ups, so the company had to compensate him for his medical expenses."

"If that's the case, then his fucking stock price will soar, and he will be immortal!"

The angry insults caused bursts of laughter, which was a feeling of empathy. As the secretary of the board of directors, everyone has experienced similar absurd plots in the past half month.

Thinking about it now feels like a lifetime ago.

He Yu half-lying in the rocking chair, leisurely took a sip of tea and put down the cup: "Sorry everyone, I have to go first."

"Hey, Lao He, it's almost time for lunch. Where are you going?"

Everyone tried to persuade them that the stock market crash was over, but the bank consortium led by Grapefruit Capital to rescue their funds would not be able to repay them for the time being.

It is always necessary to maintain good relations with creditors. After all, they are facing the young master of Yunshan Group, and they don't have the ability to act like a rogue like Greece did when it went bankrupt.

"My wife has prepared dinner and is waiting for me at home. I really have to go."

He Yu bowed and clasped his hands in a flattering manner, then left quickly with a playful smile. He also had no ability to help these listed companies extend their loans, reduce or waive interest, or convert debt into equity investment.

There is a rumor in the group's board of directors that Mr. Xie's judgment on the future trend of the stock market does not seem to be as optimistic as he publicly stated.

Today is July 7th, and exactly one week has passed since the stock market surged 18% in two days to return to 15 points.

Last week, the market fluctuated widely with ups and downs, and did not continue to attack and recover lost ground. The overall market was running smoothly.

Therefore, He Yu turned his attention back to himself. Last Wednesday, the equity of Yunshan Group changed. Mr. Xie became a shareholder of the group with his personal 1% shareholding, and the board of directors approved him to join the board of directors with a unanimous vote.

The senior executives who used to be arrogant have now stopped talking, and everyone has come to the understanding that this is truly a move to take over the group and determine the future successor.

——From now on, you should listen more carefully to every word that Mr. Xie says.

"Hubby, do you want steamed dumplings or rice? Mom steamed some this morning and sent us a big bag."

When He Yu returned home, his virtuous wife had just prepared the meal. He washed his hands and asked casually, "What kind of filling is it?"

"You should try the sauerkraut pork, it's delicious. Otherwise it will be unpalatable if left over until nightfall." The wife said as she served rice to the child.

He Yu was in great pain. No matter whether his parents made dumplings or buns, the fatter the meat filling was, the better. It tasted so greasy that it went straight to his head, but his wife and children could not enjoy it.

He is the one who cleans up every time, and if the food cannot be finished, it will be thrown away.

"Aunt Wang is dead."

His wife helped him pour a dish of vinegar to relieve the greasiness, and then added after a pause: "It happened this morning. He jumped from the office building next to our company."

Aunt Wang is a decades-old neighbor of her parents who lived in the same staff housing complex. She was very beautiful and smart when she was young. She started speculating in Clivia in the 1980s and in stocks in the 1990s.

I have made a lot of money and lost a lot of money in the stock market. I divorced my husband due to the huge losses in the stock market crash in 2008. I was in a slump but I am getting better this year.

Until the stock market crash this month, the day after the news on the first weekend of the month said that the market would be rescued, Aunt Wang came to her to borrow 300,000 yuan, saying that she wanted to buy the bottom of the stock market and would pay back the principal and interest in a maximum of two months.

If I don't have 300,000, 10,000 or 20,000 will do...

Unable to save face for her parents, she took out 20,000 yuan in cash from the household savings and lent it to Aunt Wang, with no intention of getting the money back.

"Buying at the bottom, it's too early. Maybe you can make some money if you enter two days later." He Yu swallowed the dumpling in his mouth and said in a light tone.

The virtuous wife sat down at the dining table and picked up a head of organic corn, looking at the stir-fried pork and worrying about how to lose weight; the little son clumsily scooped up the rice in the bowl with a spoon, his chin covered with rice grains and he laughed foolishly.

He Yu smiled and mustered up his strength to deal with the greasy buns. From time to time, the various WeChat groups on the phone at hand flashed with forwarded news that he had read several times.

[Becoming the dancing protagonist in the market, the ultimate performance of personal heroism - Time Magazine interview | Xie Jingxing. ]

[George Soros: Grapefruit Capital is the first financial enterprise in China to reach world-class standards.]

[Authoritative interview: Firm confidence, hard work, and be a pioneer of a "financial power" - Interview with Xie Jingxing, the "part-time vice president" of the Securities Association. ]

He Yu smacked his lips, thinking that jealousy is always sweet when something good happens, and it is important to have the right boss!

…………

Xie Jingxing paused: "What is the position of a part-time vice president?"

“The highest-level nominal titles are basically held by the chairmen of state-owned securities firms and state-owned financial institutions.”

Song Anli smiled and spread out a dozen similar documents and briefly introduced them: "This is the China Financial Investment Association... Asian Financial Investment Association..."

The interviews were sent out one after another last week, and the position of vice president was just voted out by the extraordinary general meeting this morning in a fair and just manner with unanimous votes.

These associations and organizations are mostly given the highest nominal title. Such semi-official industry self-regulatory associations are largely icing on the cake for identity certification.

What is the specific use depends on the individual.

Xie Jingxing himself did not strive for progress, and he was still a member of society who had not joined any organization. The various associations were unable to reward him with a rewarding position based on his merits.

But regardless, this is how the market rewards winners.

Just like the gemstone ornaments inlaid on a crown, useless but dazzling, Song Anli likes it!
She emphasized the last one: "The International Financial Association has invited Grapefruit Capital to become a non-banking financial institution member."

"Want to join next year?" Xie Jingxing perked up a bit.

Song Anli confirmed: "Before the spring conference next year."

The Institute of International Finance sounds like a fake organization, but when it is abbreviated to 'IIF', it instantly becomes an organization that covers more than 400 banks and top financial institutions around the world, formulates international financial investment rules, and publishes various surveys every day that make investment banks curse.

However, domestic securities firms whose main business is benchmarked against European and American investment banks do not care, because there are only two diversified financial giants in China, Huarong and China Life, and two other securities firms, CITIC and Galaxy, are members.

Other domestic securities firms have isolated IIF, we won’t play with you!
Xie Jingxing loves to laugh and doesn't like to be alone. Xiyou is willing to join in the fun as the fifth member of the domestic non-banking financial institution.

But how to accept this spoils deserves careful consideration.

"Wait a minute, I'll decide later."

Xie Jingxing didn't sign. He put down the pen and rubbed his sore wrist: "Let them come in in order, 10 minutes each."

Song Anli immediately left the office and walked into the conference room. She called out the names of the "secretaries of the board of directors" from dozens of well-known listed companies in order and guided them to line up and enter the office to meet the emperor.

Last week, the market index fluctuated and rose by 6%. The traders of Grapefruit Capital were busy adjusting their positions. As of today, the active investment strategy team held 2470 billion yuan in stock positions.

Many secretaries of the board of directors of listed companies present here believe that the national team such as China Securities Finance Corporation and China Investment Corporation will not reduce their holdings unless necessary, but it is really hard to believe what Xie Jingxing said that he will not reduce his holdings in the short term and firmly believes in value investment.

For this buyer who holds a huge amount of circulating shares, there is no need to sell off shares in a big way. He can easily turn around and bring the company's stock price to the limit down.

It is no exaggeration to describe the meeting as meeting the emperor. They must do everything they can to make Xie Jingxing believe that the company is doing well and all employees are working hard to make money for you. Don't sell our company's stocks before the market has recovered!
The young king sat on his throne, his face was unusually pale and full of fatigue, which made him look particularly calm and reserved. He didn't say much, mostly just listening, and occasionally made a pointed remark.

The first secretary of the board of directors of Gree Group who was met tried to observe as much as possible, but it was ultimately in vain.

"Mr. Xie is welcome to come to Zhuhai at any time. Mr. Dong is looking forward to communicating with you in person."

As soon as the ten minutes were up, Song Anli appeared at the door to remind him. He could only pack up his briefcase full of materials and say goodbye.

In the past seven trading days, Xiyou Capital has made net purchases of 93 billion yuan in Gree Group, with a total shareholding of 8.5%, making it the third largest shareholder after Zhuhai State-owned Assets and Gree Group.

Before he entered the office, he thought he could get closer to the company. Looking at the secretary of the board of directors of Wuliangye Group who passed by, he secretly wondered how he could improve his own competitiveness.

If it doesn't work, then go find that famous star, Concubine Pei, to be her spokesperson. Didi and New Big Elephant both do this anyway. Everyone knows about the young king's romantic affairs...

“How many more have you missed?”

The whole afternoon passed like this, and in the evening Xie Jingxing said in a hoarse voice: "There is too much garbage."

"Let Zheng Zhe come and give him a chance to practice. You can just sit in on the class and relax a bit." Song Anli replaced coffee with honey and pear water.

Xie Jing Xing tried to find some fun in the midst of hardship: "That makes sense. Digging for gold in shit is a technical job."

格力8.5%，93亿；五粮液6.2%，78亿元；茅台5.3%，193亿元。

There are many stocks whose share prices are expected to rise significantly in the future because they were bought at the bottom during the stock market crash. Conversely, other major rescue funds have made the same judgment.

Everyone was rushing to buy, but Grapefruit Capital only managed to grab about 1000 billion yuan. This was a good stock that Xie Jingxing told Song Anli that he could earn billion yuan by holding on to for five years.

The remaining 1400 billion holdings are the gold in the shit. Their overall potential is slightly lower but they have unique highlights.

Xie Jingxing does not plan to hold the shares for a long time, and will gradually reduce and clear out his holdings over the next six months to a year.

So when we think about it, removing all the false titles and fame, the benefits to be gained from this rescue of the market will become much clearer.

1000亿五年500%收益的长期股票资产，由银行杠杆配资1:2，也就是说他只付出350亿元自有资金。

After liquidating the remaining short-term holdings, the bank's financing was closed, and 750 billion yuan of own funds were withdrawn, with a small investment income... Strictly speaking, the various interest rates, taxes, and transaction costs are covered, and a profit of billion is considered a lot.

If the profit exceeds 100 billion, Xie Jingxing will reward all traders with a supercar; if the profit exceeds 200 billion, he will have to consider setting up a Luotian Dazhan on the mountain.

With 3000 billion yuan entering the market to disrupt the situation, whether the performance of stocks with weak fundamentals can conform to the original timeline is somewhat metaphysical.

"Mr. Xie, the amount of funds at the 100 billion level exceeds the upper limit of the quantitative investment model. I think active strategies are more suitable."

It was not until late at night that he finally finished communicating with all the secretaries of the board. Zheng Zhe, with great difficulty suppressing his greed, made a suggestion that the amount of funds was too huge for their department to control.

Xie Jingxing did not comment: "It's hard work, you go off work first, we can talk later."

"Grapefruit can't grow as fast as you."

After watching Zheng Zhe leave the office and close the door, Song Anli sat down at the desk, spread out the notebook that had not been used for a long time and waited for instructions.

Xie Jing Xing stood up and walked to the window: "Then tear it apart. Break the grapefruit into three parts."

First, a total of 2470 billion yuan of his personal investment assets and cash equivalents were separated out and combined with the original active investment strategy team to form a separate subsidiary.

The quantitative fund with a scale of RMB 20 billion and its joint management team, together with the equity of Luzhou Xinhai Fund in which he personally invested RMB 400 billion, were operated as a separate subsidiary.

The remaining original Xiyou venture capital business will remain unchanged, retaining the first phase of the US$2 million venture capital fund, the second phase of the US$5 million venture capital fund, and the first phase of the RMB 30 billion fund.

The 'Jingxing Investment Group' was established on top of the three companies in a joint-stock system. Xie Jingxing personally held 97% of the shares, Xie Cheng held 1% of the shares, and partners such as Tang Man were allocated a total of 2% of the option pool as part of the executive sequence.

"Clear and clean."

Xie Jingxing spoke out the plan that had been brewing in his mind for many days: "Apply to join IIF membership using 'Jingxing Investment Group'."

"Isn't a 2% option pool a bit too much?" Song Anli hesitated.

In this design framework, one part is his personal securities investment, the other part is his personal mother fund investment + private securities investment, and the original Grapefruit venture capital business is ranked last.

The cost of more concentrated power in the shareholding system is also higher. The book assets of the entire investment group are 3000 billion yuan, and the net value of investment is over 3500 billion yuan.

Moreover, most of them are long-term, high-return investments, and the Grapefruit venture capital business team currently has the most senior managers. The 2% option pool is 70 billion, which is just the current value.

"Not much. Let's calculate it this way first. When the investment group is truly established, state-owned assets will enter the market to hold shares."

Xie Jingxing did not hide anything from Song Anli. It was a bit presumptuous for a private investment group worth 3500 billion yuan not to give some shares to state-owned assets.

He was silent for a moment before making a decision: "Moreover, my personal short-term securities investments will be liquidated by the end of next year at the latest, and the 750 billion yuan in cash will be transferred to Taihe...family office."

Overseas, Song Anli felt an inexplicable tremor in her heart. The Dubai Vision Capital (Vsion Capital) managed by Cheng Sen and Li Yan, this secret fund, has a net asset value of more than 2 million US dollars after a year of development and multiple injections and investments.

Zhou Fenglan has invested a large amount of money. In addition to buying Apple, Tesla and other stocks with the funds raised from the pledge of WhatsApp shares, she also bought land all over the world and invested in this secret fund.

"Make a copy of the equity transfer contract for Taihe Family Office. Old Xie will only retain 20% of the equity, and the rest will be transferred to me." Xie Jingxing instructed.

Song Anli raised her head quickly: "So that's 70%?"

"It's like I'm using 750 billion to increase the value of my shares."

Xie Jingxing let out a breath. Taihe's current net worth has increased by less than 80 billion US dollars, and the remaining 10% of the shares are scattered among various relatives and friends.

He gave red envelopes to everyone in disguise, and it hurt.

But it was just a slight pain. From the 10 billion yuan in cash at the beginning of last year to the 1500 billion yuan in cash that I accurately escaped before the stock market crash, the return rate was 14900 times.

Myths are created unconsciously, and it is acceptable to spend a little money.

"1000 billion long-term stock assets, 750 billion short-term stock self-owned funds, 400 billion Luzhou Xinhai Fund holdings, 100 billion Jilin Province syndicated debt, 70% of Taihe shares, Yunhe Logistics shares... plus your 10 billion investment in the quantitative fund, the secret fund, and the profit share of the Grapefruit GP partners... all in bits and pieces..."

Song Anli fell silent as she spoke. Since when did 10 billion yuan become considered small amounts of money?
After a long pause, she said quietly, "If you retire now, you will have a fortune of $435 billion."

Converted into RMB 2600 billion, Song Anli doesn't know whether the hidden rich man in the urban legend exists or not, but Xie Jingxing must be the real richest man.

In this case, he holds 1% of Yunshan Group's shares, and it is reasonable for Chairman Xie Cheng to transfer Taihe Capital's shares and hold 1% of the investment group's shares...

"It's fake. There are leveraged funds and high equity valuations." Xie Jingxing disagreed.

Song Anli didn't think so either. In fact, with his current status, calculating personal wealth is the lower limit, and the upper limit is how much wealth he can control.

Compared to Ma and Wang who topped the rich list by relying on high stock valuations, Xie Jingxing's 435 billion US dollars of diversified investments that can be mobilized at any time are real and not a bit watered down!

The stock market crash brought rich rewards, and Song Anli smiled slightly.

Maybe I should come more often...

(End of this chapter)